Riyadh – Mubasher: Saudi Aramco plans to launch al-Muajjiz oil terminal on the Red Sea next year, after raising its loading and export capacity to as much as 15 million barrels per day (bpd), Reuters reported.
The launching of the terminal next year will increase the kingdom's total oil handling capacity to 15 million bpd from 11.5 million bpd currently, Mohammed al-Qahtani, Aramco's senior vice president told Reuters.
"Restoring operations at al-Muajjiz will offer Saudi Aramco more flexibility in terms of its crude oil and product sales, and traffic configuration out of the Red Sea without affecting its intense operations out of the Arabian Gulf, which are largely dedicated to the Asian markets," said Sadad al-Husseini, a former Aramco senior executive and now an energy consultant.
In 2013, Aramco had started the renewal of al-Muajjiz terminal at Yanbu Industrial City on the Red Sea coast.
